Analysis
Grayscale Bitcoin Trust (GBTC) generates more revenue than all spot Bitcoin ETFs combined, driven by its high fees and enduring investor loyalty despite outflows.
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GBTC News
What is GBTC? The Grayscale Bitcoin Trust, which trades under the ticker GBTC, is an investment vehicle that trades similar to a stock, with each share representing a specific amount of Bitcoin (BTC). Grayscale is a company providing various financial products. It originally launched GBTC in 2013. The product trades over the counter (OTC), although Grayscale aims to transform it into an exchange-traded fund (ETF). Historically, the price of Grayscale’s GBTC has traded notably above and below the equivalent value of the underlying BTC per share when compared with trading Bitcoin on crypto exchanges. This price difference is referred to as the GBTC premium. Is GBTC a good way to buy Bitcoin? GBTC essentially gives people outside of the cryptosphere the opportunity to own Bitcoin that is packaged similar to a stock under traditional United States regulations.
- Market Analysis
Factors include uncertainty in the spot Ethereum ETF launch, high ETF futures open interest, and stagnant Ethereum network usage.
15884 - News
Grayscale’s Bitcoin Trust ETF has seen its first day of net inflows, following over $17.5 billion in outflows since the launch of spot Bitcoin ETFs in January.
10350 - Market Analysis
Bitcoin bears celebrate as demand for leveraged long positions hits a six-month low, but crypto traders on X think it's time to go long.
22162 - News
BlackRock's IBIT ETF could soon flip Grayscale's GBTC, to become the largest ETF by Bitcoin holdings.
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GBTC, the biggest spot Bitcoin ETF, has “halved” since the trading launch in January, but rivals like BlackRock’s IBIT have added more than 10,000%.
11787 - Market Analysis
Bitcoin futures and options signal investors’ confidence was not meaningfully impacted by BTC’s recent dip to $61,500.
16756 - Markets News
The GBTC outflows on April 10 were approximately 15 times less than the average daily GBTC outflows recorded over the past four months.
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The significant Bitcoin purchase comes after Coinbase declared that the majority of the proceeds from the GBTC sell-off would “remain within the crypto ecosystem.”
13755 - Markets News
Bitcoin faces its “biggest headwind” in the form of GBTC outflows, but the good times could be back for BTC price action after next week, predictions say.
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Grayscale’s slice of the Bitcoin ETF pie has fallen below 50% for the first time since it was converted alongside the launch of nine new ETFs in January.
14113 - Markets News
Bitcoin ETFs are sucking up the BTC available for purchase, and the tipping point in supply dynamics will come this year, one analyst says.
99016 - News
Of the 10 approved ETFs, the Grayscale Bitcoin Trust and Invesco Galaxy Bitcoin ETF were the only two to record net outflows of $332.5 million and $14.2 million, respectively, on March 5.
14753 - Market Update
Bitcoin price advances like a steamroller toward all-time highs despite a fresh rebound in GBTC outflows.
12350 - Market Analysis
$60,000 within range after 12.7% gains in 24 hours? Not so fast, according to Bitcoin derivatives metrics.
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